TJX Options History — May 2025

In May 2025, TJX traded between $125.94 and $135.00. ATM implied volatility averaged 24.1%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 1.1% (HV 20d: 23.0%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2025-05-14: Highest Volume — 52,062 contracts
  • 2025-05-21: Largest IV drop — 17.1% change
  • 2025-05-01: Highest IV Rank — 60.3%
  • 2025-05-09: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.74$125.94$135.00$127.91$126.88
Max Pain$121.05$120.00$125.00$125.00$122.00
ATM IV24.1%18.0%29.4%29.4%18.0%
Expected Move6.5%5.1%7.3%6.4%5.1%
HV 20d23.0%12.4%35.1%35.1%20.8%
HV 60d27.6%27.2%28.4%27.4%28.3%
IV Rank39.9%16.7%60.3%60.3%16.7%
IV Percentile70.2%40.1%96.4%96.4%40.1%
Term Structure-0.7%-3.6%2.6%-3.6%0.1%
VWIV23.7%18.0%29.7%21.9%18.0%
Skew 25d4.5%-4.0%14.0%5.8%3.2%
Skew 10d11.0%-4.0%23.5%7.7%13.3%
Call IV 25d21.8%16.9%27.3%25.8%16.9%
Put IV 25d26.3%20.0%34.0%31.6%20.0%
Bid-Ask Spread %42.1412.5073.2156.1869.48
Gamma HHI0.150.080.270.270.09
Net GEX18.6M5.5M46.8M31.1M8.0M
Net DEX-435.8M-571.2M-174.5M-480.8M-258.3M
Net VEX-3.1M-3.4M-2.9M-3.4M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.062.770.270.93
Total Volume15,044.0953,78252,0627,8136,924
Total OI186,643.524174,531200,159187,439186,623

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$127.91$125.0029.4%6.4%35.1%60.3%21.9%5.8%-3.6%31.1M-480.8M-3.4M0.2756.18N/AN/A6,1421,67197,51389,926
2025-05-02$128.98$125.0025.9%5.8%35.1%46.6%21.1%2.3%-1.5%33.1M-567.2M-3.3M0.4860.18N/AN/A5,9992,882100,15690,478
2025-05-05$129.34$120.0027.0%7.1%35.0%51.2%25.1%-4.0%-1.3%29.5M-571.2M-3.3M0.3368.48N/AN/A4,1821,39898,87288,620
2025-05-06$128.69$120.0027.1%7.2%30.1%51.5%29.7%4.9%-1.0%32.4M-526.8M-3.3M2.7728.24N/AN/A1,6284,51799,00889,052
2025-05-07$128.75$120.0026.7%7.2%30.1%49.8%27.4%3.1%-1.5%29.1M-540.8M-3.2M1.1166.16N/AN/A3,7344,16198,75191,938
2025-05-08$128.58$120.0027.5%7.2%23.0%53.0%27.8%5.1%-1.4%29.8M-543.4M-3.3M0.9624.92N/AN/A1,9251,85799,28193,912
2025-05-09$128.00$120.0026.6%7.3%23.0%49.5%25.2%2.7%1.9%7.4M-525.0M-3.2M0.4427.86N/AN/A15,4716,82199,42694,189
2025-05-12$130.90$120.0025.1%7.0%23.8%43.8%25.2%9.6%-0.0%16.5M-441.6M-3.1M0.7146.88N/AN/A4,7643,36783,39597,373
2025-05-13$131.07$120.0025.2%7.0%22.9%44.1%24.7%7.0%-0.7%14.8M-449.9M-3.1M0.7429.94N/AN/A2,8952,13684,04198,364
2025-05-14$131.25$120.0025.7%7.2%21.9%46.1%26.2%3.9%-0.6%15.9M-470.9M-3.0M0.0649.61N/AN/A49,1462,91684,49098,807
2025-05-15$132.75$120.0024.6%6.6%20.5%41.7%27.1%5.3%-1.8%46.8M-520.2M-3.1M0.5324.30N/AN/A9,6495,13888,56999,803
2025-05-16$133.37$120.0023.9%6.6%20.0%39.2%24.6%14.0%-1.4%21.7M-542.8M-3.1M0.7573.21N/AN/A5,3564,03384,822102,558
2025-05-19$135.00$120.0025.1%7.1%14.4%43.5%26.2%3.8%2.6%15.0M-563.3M-2.9M1.5112.82N/AN/A5,9098,94979,45895,073
2025-05-20$134.82$120.0025.5%7.3%12.4%45.4%29.0%4.6%-1.6%14.0M-545.9M-3.0M2.0212.50N/AN/A11,75123,78982,18597,938
2025-05-21$130.81$120.0021.2%6.1%16.5%28.7%20.9%4.6%-1.6%6.7M-357.5M-3.0M0.8345.79N/AN/A18,31815,14989,702103,059
2025-05-22$130.05$122.0020.2%5.8%16.1%24.8%19.9%3.5%0.1%6.5M-349.4M-3.0M0.9351.36N/AN/A6,5796,14496,787103,085
2025-05-23$125.94$122.0020.6%5.9%19.9%26.6%19.6%4.0%0.2%10.8M-174.5M-3.0M0.7133.65N/AN/A15,38010,98198,211101,948
2025-05-27$127.88$122.0020.1%5.6%20.6%24.6%19.8%4.4%-1.7%9.2M-274.1M-3.0M0.4938.24N/AN/A5,9492,88685,61189,494
2025-05-28$126.51$122.0019.6%5.6%20.8%22.6%18.9%3.8%0.1%5.5M-204.4M-3.0M0.7116.57N/AN/A2,6901,92187,06790,782
2025-05-29$127.06$122.0020.8%5.6%20.8%27.3%20.0%2.1%0.9%7.4M-243.7M-3.0M0.4548.57N/AN/A14,3676,45287,93091,217
2025-05-30$126.88$122.0018.0%5.1%20.8%16.7%18.0%3.2%0.1%8.0M-258.3M-3.0M0.9369.48N/AN/A3,5843,34092,55794,066